Boustead Heavy Industries returning to the black

BHIC stands to gain from services and expertise it will offer in the building of six littoral combat ships by associate Boustead Naval Shipyard

PETALING JAYA: Boustead Heavy Industries Corp Bhd (BHIC) is confident it will return to the black this year on growth driven by the oil and gas (O&G) industry and improved maintenance, repair and overhaul (MRO) services.

Aside from these two growth paths, managing director Tan Sri Ahmad Ramli Mohd Nor said BHIC stood to gain from services and expertise it would offer in the building of six littoral combat ships (LCS) by associate Boustead Naval Shipyard Sdn Bhd (BNS).